Rent to Own Homes in Charleston SC: When an investor offers a rent to own situation for a home, there are some creative and flexible financing options. While you may not qualify for a traditional loan you may still be able to buy a house from an investor that has properties for sale. Investors are different than homeowners selling their homes. The investor typically has already paid for the home and can sometimes offer owner financing.
The financial arrangements will be set up according to the situation of the property and the need of the investor at the time of the sale. They buy properties to make a profit and if they are able to do so by making a rent to own agreement with you, then you could find yourself a proud homeowner.
Investors selling homes aren’t necessarily concerned with what your financial credit history contains. What will make more impact on your qualification will be your ability to make the payments and your desire to own your own home. The financing options can start out with what you are able to pay on a monthly basis with your current job situation and what you have to put down on the arrangement.
If it is necessary to obtain financing you may be able to arrange with the investor selling the house to help you obtain that financing after you have been in the house for a period of time. With some equity built up in the house, it will be easier for you to get the financing.
Some rent to own sellers also help their renters to make good choices with their credit by educating them and giving them resources for budgeting and how to keep track of their credit reports, for example. After staying in a home for a few years and paying on time you’ll have the start of a great track record and a little equity, which will help you to impress a lender or two down the road.
Investors are also very good at networking and may have lenders that they use on a regular basis in their dealings. This relationship that they hold with bankers and lenders can help you to get financing because the investor that sells you the house knows very specifically what his lenders require from their borrowers. It is in the investor’s best interest, as well as yours, to get you a good loan if one is necessary.
SCHomeSellers.com Rent to Own and Lease Options on Homes For Sale in South Carolina!
You can view all our available properties at Available Homes for Sale and Rent to Own and if you would like to pre-qualify for one of our rent to own homes please complete our online confidential Home Buyer Questionnaire and start to enjoying a home owning by renting to own or lease option!
When renting to own one of our homes in the Charleston SC area, even those with less than perfect credit can qualify!
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